Venture One Real Estate completed its acquisition of a fully-leased, 85,730-square-foot industrial building at 401 Terrace Drive, in Mundelein, Illinois.
The firm closed on the deal through its acquisition fund, VK Industrial III, LP, a partnership between Venture One and Kovitz Investment Group.
The building, a Class A precast facility built in 1998, includes 24′ clear height, 227 car parking spaces, warehouse air-conditioning, 10,000 square feet of office, seven exterior docks and five drive-in doors.
Keith Puritz and Brett Kroner of Cushman & Wakefield and Bill Mass of Mass Realty represented the seller in the transaction. Venture One was represented by Jason West of Cushman and Wakefield.